DASH, XMR and ZEC pairs are not available to clients based in Australia. Margin pairs. Not all currencies available on Kraken can be traded on margin. To see all available margin trading pairs, click here. Fiat-to-Fiat pairs. As of March 12th , the following fiat currency trading pairs are available on . When buying and selling a cryptocurrency, it is often swapped with local currency. For example, If you're looking to buy or sell Bitcoin with U.S. Dollar, the trading pair would be BTC to USD. Similarly, it can be swapped with other cryptocurrencies in the same way. So when Bitcoin is being traded with Ethereum, the trading pair would be BTC to ETH. Dear users,HBTC has listed BTC/USDC & ETH/USDC trading pairs, welcome to trade USDC at: Trade BTC/USDC.
Trading pairs btc or ethHBTC Lists BTC/USDC & ETH/USDC Trading Pairs – HBTC
If you want to buy any other coins besides those 3, then you would proceed to Stage 2. It should be noted that in both Stages, you shouldn't store your coins in an exchange but instead in a private wallet that you control, so as to secure your coins safely. This rate requires you to open a cryptocurrency exchange that only accepts Cryptocurrency deposits. Here's the list of differences between a fiat-accepting exchange Stage 1 and a Crypto-accepting exchange Stage 2. After understanding the cryptocurrency trading process, it's time to dive deeper into the mechanics of the cryptocurrency trading pairs and how it works.
This is straightforward as you will be aware of the value of coins you're buying with your domestic currency. Since you cannot buy altcoins directly from Stage 1 exchanges, the price of the altcoins is not quoted in your domestic currency. Here's an example:. There are many applications and resources that allow you to do that, and Coin Market Cap is a popular resource:. The main purpose of valuing your coins using a base currency most commonly BTC is to increase the number of coins you hold.
Following the above example, if say you bought 1 XMR using 0. If you're on your way to buying your coins, here's a list of useful guides and resources to get you started:. Enroll in our Free Cryptocurrency Webinar now to learn everything you need to know about crypto investing. Get our exclusive e-book which will guide you through the step-by-step process to get started with making money via Cryptocurrency investments! Master The Crypto is a user-first knowledge base featuring everything bitcoin, blockchain and cryptocurrencies.
The MTC resource center aims to bridge the gap by featuring easy-to-understand guides that build up and break down the crypto ecosystem for many. Master The Crypto is a financial publisher that does not offer any personal financial advice or advocate the purchase or sale of any security or investment for any specific individual. Members should be aware that investment markets have inherent risks, and past performance does not assure future results.
MTC has advertising relationships with some of the offers listed on this website. MTC does attempt to take a reasonable and good faith approach to maintaining objectivity towards providing referrals that are in the best interest of readers. MTC strives to keep its information accurate and up to date. Trading pairs can be a little complicated to wrap your head around, but can be a really big benefit to those who time their trades right.
To help you better understand trading pairs, consider the example below. Example : Imagine you have on hand Bitcoin and cash meaning fiat currency like dollar bills and you want to obtain Litecoin. The fiat value of the trade is no different in the moment the trade is made as you owned that Bitcoin which went up in value the same as you owned your cash , but if your goal is to get more coins because you believe the cash value of all coins will go up or that Litecoin will go up and Bitcoin back down in this example , and you time things right, you can do really well with trading pairs.
Of course, things can go very wrong with trading pairs too. In a case staying in cash or Bitcoin would have been a better play.
Hopefully that simple example gave insight into the value and risks of trading pairs.